Allianz Can Be Checked by Ey

Herbert Frommes Versicherungsmonitor

Factuality

Ownership

The Allianz Group will soon be audited by the auditing company EY. The current auditor PwC will withdraw, the statutory rotation obligation for PwC and Allianz to be separated. In the race for the Allianz mandate was also the auditor KPMG. The decisive factor for the decision of the Supervisory Board was financial director Claire-Marie Coste-Lepoutre, who preferred EY. First, insurance industry had reported on the decision today. Allianz's finan…

Versicherungswirtschaft-heute

Factuality

Ownership

Due to the size and complexity of the alliance, only the so-called "Big Four" can be considered in order to examine the balance sheets of the Munich insurer. Since PwC has been the auditor since 2018 and a rotation has to take place due to an EU regulation, KPMG and EY had good chances for the Allianz mandate. According to information from VWtoday, the choice was made to EY, although the audit firm has become discredited due to the Wirecard scan…